XBP Global Holdings, Inc. (NASDAQ:XBP) Sees Significant Decline in Short Interest

XBP Global Holdings, Inc. (NASDAQ:XBP) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 20,314 shares, a drop of 35.5% from the May 14th total of 31,508 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 28,944 shares, the days-to-cover ratio is presently 0.7 days.

XBP Global Stock Performance

NASDAQ:XBP opened at $2.40 on Tuesday. The stock has a 50-day simple moving average of $2.71 and a two-hundred day simple moving average of $5.25. XBP Global has a 52-week low of $2.00 and a 52-week high of $25.60. The company has a debt-to-equity ratio of 5.67, a quick ratio of 0.64 and a current ratio of 0.67. The firm has a market capitalization of $28.25 million, a PE ratio of -0.73 and a beta of -0.43.

XBP Global (NASDAQ:XBP) last released its quarterly earnings results on Monday, March 30th. The company reported ($7.75) earnings per share (EPS) for the quarter. XBP Global had a net margin of 130.26% and a return on equity of 1,645.47%.

Analysts Set New Price Targets

XBP has been the topic of a number of recent research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $5.00 target price on shares of XBP Global in a report on Friday, May 15th. Weiss Ratings reissued a “sell (d)” rating on shares of XBP Global in a report on Friday, May 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, XBP Global currently has a consensus rating of “Hold” and a consensus price target of $5.00.

Insider Buying and Selling at XBP Global

In other XBP Global news, Director Randal T. Klein purchased 25,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average price of $2.44 per share, for a total transaction of $61,000.00. Following the purchase, the director directly owned 40,000 shares of the company’s stock, valued at $97,600. The trade was a 166.67% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 31.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Alpine Global Management LLC purchased a new position in shares of XBP Global during the 3rd quarter valued at $194,000. HoldCo Asset Management LP purchased a new position in shares of XBP Global during the 3rd quarter valued at $6,352,000. Cantor Fitzgerald L. P. lifted its stake in shares of XBP Global by 9.4% during the 3rd quarter. Cantor Fitzgerald L. P. now owns 6,636,853 shares of the company’s stock valued at $5,356,000 after buying an additional 572,449 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of XBP Global during the 3rd quarter valued at $31,000. Finally, Nomura Holdings Inc. purchased a new position in shares of XBP Global during the 3rd quarter valued at $863,000. Hedge funds and other institutional investors own 15.72% of the company’s stock.

XBP Global Company Profile

XBP Europe Holdings, Inc provides bills, payments, and related solutions and services in France, Germany, the United Kingdom, Sweden, and internationally. The company operates through two segments, Bills & Payments and Technology. The Bills & Payments segment focuses on optimizing how bills and payments are processed by businesses of all sizes and industries. This segment also offers automation of accounts payable and accounts receivables processes and seeks to integrate buyers and suppliers, as well as engages in digital transformation business.